What is banking. Banking is the tra

What is banking. Banking is the transactions carried on by any person or firm engaged in providing financial services to consumers or businesses . For these purposes there exist commercial banks, central banks, savings banks, trust companies, finance companies and merchant banks. Banking consists of safeguarding and transfer of funds, lending or facil-itating loans, guaranteeing creditworthiness and ex change of money. In other words, banking is the acceptance, transfer, and creation of deposits. The depository institutions are central banks, commercial banks, savings and loan associations, building societies, and mutual savings banks.

Safeguarding and transfer of funds.
Vaults and safes are the means for safeguarding of funds. Money is physically stored there. These physical deposits are in most cases insured against theft, and against the bank being bankrupt and unable to repay the funds. In some banks customers can use safety deposit boxes for valuables. To save money in banks is profitable because bank customers receive interest given on savings accounts, a percentage return on the bank's investments with the money. Transfer of funds can be handled through written instruments: contracts, cheques, or direct transfers performed electronically. Nowadays banks provide the customers with additional ways of gaining access to their funds and using them. These are credit cards and account debit cards, electronic cash tills, computer on-line banking, and other services Automated clearing houses perform similar services for business customers by handling regular payments, such as wages, for a company banking with the bank Longer-term schemes for providing regular income on savings are often offered through trust funds or other investment schemes.

Lending and loans.

Loans to bank customers are drawn on the funds deposited with the bank and yield interest which pro- vides the profits for the banking industry and the interest on savings accounts. These loans may take the form of mortgages or other, policies. Banks may guarantee credit for customers who wish to obtain loans from other institutions. They also provide foreign exchange facilities for individual customers, as well as handling large international money transfers

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Что является банковской. Банкинг – сделок, осуществляемых любого лица или фирмы, занимающихся оказанием финансовых услуг для потребителей или предприятий. Для этих целей существуют коммерческие банки, центральные банки, сберегательные банки, трастовые компании, финансовых компаний и торговых банков. Банковские состоит из сохранения и передачи средств, кредитование или Фасил itating кредитов, гарантирования кредитоспособности и ex изменение денег. Другими словами банковской это приема, передачи и создание месторождений. Депозитные учреждения являются центральные банки, коммерческие банки, сберегательно-заемные ассоциации, строительные общества и взаимные сберегательные банки. Сохранение и передача средств. Vaults and safes are the means for safeguarding of funds. Money is physically stored there. These physical deposits are in most cases insured against theft, and against the bank being bankrupt and unable to repay the funds. In some banks customers can use safety deposit boxes for valuables. To save money in banks is profitable because bank customers receive interest given on savings accounts, a percentage return on the bank's investments with the money. Transfer of funds can be handled through written instruments: contracts, cheques, or direct transfers performed electronically. Nowadays banks provide the customers with additional ways of gaining access to their funds and using them. These are credit cards and account debit cards, electronic cash tills, computer on-line banking, and other services Automated clearing houses perform similar services for business customers by handling regular payments, such as wages, for a company banking with the bank Longer-term schemes for providing regular income on savings are often offered through trust funds or other investment schemes. Lending and loans. Loans to bank customers are drawn on the funds deposited with the bank and yield interest which pro- vides the profits for the banking industry and the interest on savings accounts. These loans may take the form of mortgages or other, policies. Banks may guarantee credit for customers who wish to obtain loans from other institutions. They also provide foreign exchange facilities for individual customers, as well as handling large international money transfers